In this presentation, we’ll consider pointers you can use to continuously enjoy a low rate of interest on your unsecured card program. Check our reviews of unsecured credit cards for bad credit on this page https://www.newhorizon.org/Info/unsecured.htm

1. How to Maintain a Low Interest Rate
on Your Unsecured Credit Card

2. In this post, we’ll consider pointers you can use to continuously
enjoy a low rate of interest on your unsecured card program.
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3. Keep up with your due dates.
Always remember that delinquent cardholders are not only penalized with huge
late payment penalties and surcharges. Most of them also have to settle for higher
interest rates than what were originally imposed on their lines of credit.
So, if you wish to maintain a low rate of interest on your credit card program, it
would be best to stick to your payment schedule. Set up personal reminders and
alerts in your mobile gadgets so that you’ll remember when your credit card bills
are due. Better yet, you can sign up for automatic payment arrangements with
your bank. After all, with such program, you won’t have to worry about missing out
or defaulting on your credit payments, ever again.
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4. Settle your unsecured credit card bills completely.
Paying just the minimum amount required by
your card issuer and carrying balance from one
month to the next will surely cause your interest
charges to balloon out. And in time, your credit
payments might eat up a significant percentage
of your monthly budget.
This means that if you wish to keep your
monthly payments at a minimum, you should
resolve to pay your credit card charges, not just
on-time, but also in full.
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5. Always abide by the terms and conditions of
your card program.
Another reason why cardholders suffer from extremely high interest rates is because
they committed serious violations against their credit agreements. For instance, they
might have abused the cash advance facilities of their unsecured credit cards for bad
credit, withdrawn huge sums of money using ATM’s of banks and credit firms that are
not affiliated with their card issuers or maxed out their lines of credit.
Now, if you wish to keep your interest rate low, we suggest that you steer away from
these poor credit habits. Instead, we encourage you to always comply with the
stipulations of your contract. By doing so, you will not just enjoy a low interest rate on
your unsecured credit card, for a long time. You can also avoid incurring pesky fines
and penalties which might ruin your personal or household budget.
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6. Limit the credit card applications you submit.
Keep in mind that your credit score drops each time your credit report gets
pulled out in response to a credit application. And if your card issuer finds
out about your low score, he/she might soon decide to increase the rate of
interest imposed on your line of credit.
So, if you wish to avoid this chain of events, it would be best to limit the
credit card or loan applications you submit, especially when you’re already
managing unsecured credit cards for bad credit. Content yourself with what
you have and resolve to sign up for additional lines of credit ONLY WHEN
IT IS ABSOLUTELY NECESSARY.
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7. Watch out for errors in your billing statements
and in your annual credit report.
Incorrect payment entries, outdated accounts, and fraudulent charges can
also inflict damage on your credit history, pull down your score and cause
your interest rates to rise.
So make sure that your monthly billing statements and credit reports are
free from these items. And in case you discover an error on your monthly
bills as well as on the latest copies of your annual credit report,
immediately dispute it by writing and sending credit dispute letters to the
three major credit bureaus.
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